QLD Ipswich, Gailes, Goodna, Booval, Riverview????

Hi everyone,

First time posting on this forum having spent many hours researching on Somersoft.

We are wanting to invest in the Brisbane region and have been looking at different areas but looking at the moment in Western Brisbane.

Looking at the $250,000 mark house, which I know limits my options.
Have been looking at Ipswich, Gailes, Goodna, Booval, Riverview areas purely based on the numbers and initial location.
Cost of houses seem low, rental returns seem pretty good, radius to the city is good, rail link and road links to city are good with transport links due for improvements as well.

I'm planning on flying up to look around these areas to get a feel for them, but want people's thoughts, options and personal experiences on these spots.

I know these areas were affected by the 1974 and 2011 floods, which I'm guessing is why prices are lower than other areas.

- North and south Brisbane seem to be very popular with investment chat with prices going on the rise. Do you feel there is room for growth out West in these areas?
- Do you think West Brisbane will take a similar path as Western Sydney on terms of demand?

I look forward to hearing your thoughts.

Many thanks.

 

the springfield area has massive infrastructure, might pay to have a look at redbank plains, bellbird park

 

Gailes east of Newman road is flood free and good quality build ex govt houses on large blocks sub 250k.

For some reason first national Westside (Goodna) seem to have all here listings.

 

Thanks for those comments so far.

Do you feel Springfield has better infrastructure and opportunities compared to Ipswich then? Why?
Cheers.

 

Yes - in the long run. Search other threads on here and SS. Plenty of info already available.

 

i'm not to sure about the long run but within 5 years i'd say yes. http://www.greaterspringfield.com.au/us/city-vision/ check out the infrastructure going in. i wouldn't be buying brand new though.

 

Some similar info here:
https://propertychat.com.au/community/threads/goodna-redbank-plains-springfield.3395/#post-53378

 

Thanks for that.
Really good information. Much appreciated. I'll be checking the area out for sure.
Is it worth me going to look down and around:

Eagleby
Beenleigh

as well in the south?

 

I think a visit is worth it. Book a flight and if possible stay overnight so you can see the suburbs after dark

 

May as well while you're there.
There is another thread looking at Eagleby on here too.

 

Springfield GA is a group of suburbs, Ipswich is a whole city. It's fast becoming the Parramatta of Qld, with lots of gentrification happening around the city centre. I dont discount its future growth. Springfield is also growing fast, but it's strange to compare the two. Apples and oranges.

 

My wife and I happened to take a drive today to get a feel for some of the Ipswich suburbs. We took in Bundamba, Camira, Gailes, Goodna, Dinmore and Booval.

I wouldn't go out of my way to put anyone off, but we decided it wasn't for us. These suburbs are a fair way out of the Brisbane, the housing stock is predominately older (and run down in parts) and these suburbs are all subject to flooding which is noticeable with the amount of signage and markers showing where water comes up to on certain roads. I actually found Gailes, Goodna and Booval quite depressing - run down and odd people sitting on their front porches smoking / staring at passers by.

I'll openly admit we had our 'emotional' hats on (there's no way we'd live there ourselves), so if the numbers add up it could be a goer for a cheap entry, but not for us.

 

Maybe you should head back to Ipswich and get to know the CBD and Denman's Hill?

There are some great old homes. People love character homes here, and proper QLDers often tick this box.

 

I haven't visited these neck of the woods, nor have I done any substantial research around this area so I'm purely speaking on hearsay - I heard there's a lot of vacant land out there, and hence it would be some time until Ipswich and surrounds would experience any substantial capital growth.
What are people's thoughts?


Cheers,

Taku

 

I have no doubt there's some lovely parts. My investment research was the Brisbane side of Ipswich along the train line though.

I hear that Sadliers Crossing is also beautiful.

 

Yep, and you pay a (relative) premium. But 50% the price of an equivalent house in Brisbane proper.

 

It is what it is. If you are looking for 6 per cent yield with a high land component then the 'Swich is worth a look.

Work out what you want and work back from there.

 

Sure, you can make money anywhere really, just a matter of making sure you do your research.
And make sure you look at the flood maps there too.

 

Guys this got sold prior to auction at $250K today. Pretty good cash-flow on this property - apparently $28K p.a. if both tenanted. Haven't done DD on this but just came up in my email:
http://www.realestate.com.au/property-house-qld-ipswich-120333201

 

Should be away from the flood plain too. $250k each property?